Owning a car can be a rewarding experience. In your youth, it provides freedom and access to be able to go wherever you want whenever you want. When you are older, transportation becomes a necessity. Depending on the area in which you live, it may be critical to employment, lifestyle and means of performing life responsibilities. A car is a long-term investment in most instances. If you purchase a new vehicle especially, you will want to enjoy it as long as possible and keep it in top working condition. While a new car should perform excellently for a number of years, some vehicle warranty plans can also cover incidental costs like oil changes and routine maintenance.
Present day, most auto manufacturers offer a standard 3-year, 36,000 mile bumper-to-bumper warranty on new cars. A bumper-to-bumper warranty covers elements like fuel system, brakes, sensors and climate-control failures along with other items that are excluded from its sister powertrain-warranty, which covers anything engine, transmission and drivetrain related. Unfortunately, exclusions apply and regular wear-and-tear parts usually have a pre-determined working life time limit and will often be refused coverage.
Protecting the value of your vehicle
An average new car is somewhere in the neighborhood of $26,000. Protecting any sizable investment is a no-brainer, the least of which isn’t a primary component of your livelihood. Our lives revolve around our transportation. Our car takes us to work, to get groceries, and to transport our children to and from sporting events and dental appointments. We need our car to run smoothly and repair-free. That said, a car is a piece of equipment and equipment wears out, sooner more often than later. Paying for an extended vehicle warranty upfront can save you a lot more money in repairs when it comes time to have that rattle looked at.
Deciding whether or not you need an auto warranty company is always an important consideration. When making this choice always take into account the history of your vehicle and how reliably it has performed. Considering the cost of repairs and parts is another good strategy when shopping for vehicle warranty. There are essentially three channels for obtaining an auto warranty: the dealer, an independent company and the manufacturer. The latter of which will cost you the most money upfront. Shopping for a car warranty can be like trying to understand healthcare coverage details, or the fine-print in your cell phone plan. Guidelines can be very helpful when assessing what is a good plan, and what is a bad plan.
Extended auto warranty tips and how to choose the best one
• Look for a plan where warranty is transferable
• BBB Certified is important
• Choose a warranty that provides a free loaner car
• Insist on the caveat to choose either the dealership or independent repair shop
• Steer clear of specific cap-amounts for repair costs
• Avoid out of pocket repair costs altogether
• Make sure to read customer reviews
Auto warranty reviews can be found easily enough online. Looking for the ones that list several companies with star-ratings are usually the most helpful. At a glance you can see which companies offer key necessities like car rental or roadside assistance, and how many people have reviewed their services. Much like buying any product, this is a great way to get a lot of information fast when considering vehicle warranty. Car warranty reviews will help you select the right plan because they are written by people that are currently experiencing what is good or bad about their coverage. Another good tip is being observant when calling the customer-service department for a quote or information on their warranties. If it is a good experience than you will usually be taken care of with the same service when discussing and resolving repair issues.
Spending less doesn’t always save you money
With regard to any service, you usually get what you pay for. Auto warranty plans are no different. If you are purchasing a used vehicle, sometimes a dealer will automatically insist that a warranty is added to the financing on the vehicle yet, ultimately at the end of the day it is up to you as a consumer if you want to buy into the extended warranty coverage on your vehicle. All companies profit from services they sell, so keep this in mind when reviewing plans and don’t allow yourself to be pressured into the extra expense unless you feel it will be beneficial in the long run.